Re:A Prediction: Bitcoin Is Doomed to Fail
by andrewla on Thursday November 28, 2013 @04:32PM
(#6816577)
Yes, software can automate the task of redemption for specific types of transactions. But not being able to answer the question "how many bitcoins are at this address" seems to be very problematic.
Instead, you'll have a ton of publisher clearing house style "you just received a million bitcoins" notifications, once they enable more of the language in the client. It just seems confusing and unnecessary.
Fortunately software excels at automating tasks like this.
You already need software to scan the entire blockchain to determine address balances, is it really that hard for it to keep track of non-trivial unspent transactions separately?